SEC 13F Intelligence

Managers / Q1 2025 · view latest →

SHELL ASSET MANAGEMENT CO

CIK 0001211028 · P O BOX 575, THE HAGUE, 2501 CN · 31 70 3773899

Reported Value
$2.1B
Q1 2025
Positions
1,260
Filings on Record
28
2019–present window
Filed
May 14, 2025
original filing

Summary

Shell Asset Management Co reported $2.1B in U.S.-listed holdings across 1,260 positions for Q1 2025.

Its largest position, AAPL, represents 5.9% of the portfolio.

Compared with Q4 2024, the fund opened 25 new positions and exited 29.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+31.1%
share of reported value
Largest Position
+5.9%
Apple
New / Exited
25 / 29
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $4.0BQ4 ’18Q1 ’19: $4.5BQ2 ’19: $4.5BQ3 ’19: $4.4BQ4 ’19: $4.6BQ4 ’19Q1 ’20: $3.6BQ2 ’20: $4.0BQ3 ’20: $4.3BQ4 ’20: $4.8BQ4 ’20Q1 ’21: $5.0BQ2 ’21: $5.2BQ3 ’21: $4.5BQ4 ’21: $4.9BQ4 ’21Q1 ’22: $4.2BQ2 ’22: $3.4BQ3 ’22: $2.6BQ4 ’22: $2.3BQ4 ’22Q1 ’23: $2.4BQ2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.2BQ4 ’23Q1 ’24: $2.3BQ2 ’24: $2.2BQ3 ’24: $2.3BQ4 ’24: $2.3BQ4 ’24Q1 ’25: $2.1BQ2 ’25: $2.9BQ3 ’25: $996Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 96.0%REIT: 2.2%ETP: 1.1%ADR: 0.6%Other: 0.1%Tracking Stk: 0.0%
  • Common Stock · 96.0% · $2.0B
  • REIT · 2.2% · $47M
  • ETP · 1.1% · $23M
  • ADR · 0.6% · $13M
  • Other · 0.1% · $1M
  • Tracking Stk · 0.0% · $378,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBKRINTERACTIVE BROKERS GROUP INNEW+2.7K2.7K+$450,000$450,000
ABNBAIRBNB INCNEW+3.0K3.0K+$362,000$362,000
UALUNITED AIRLS HLDGS INCNEW+4.1K4.1K+$283,000$283,000
CVLTCOMMVAULT SYS INCNEW+1.8K1.8K+$281,000$281,000
SITESITEONE LANDSCAPE SUPPLY INCNEW+2.3K2.3K+$277,000$277,000
CROXCROCS INCNEW+2.6K2.6K+$271,000$271,000
DUOLDUOLINGO INCNEW+865865+$269,000$269,000
OUTOUTFRONT MEDIA INCNEW+16.0K16.0K+$259,000$259,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

496 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.88%$124M557.3K
2NVDANVIDIA CORPORATIONhistory →COM5.08%$107M986.7K
3MSFTMICROSOFT CORPhistory →COM4.95%$104M277.5K
4AMZNAMAZON COM INChistory →COM3.85%$81M426.2K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.80%$59M378.6K
6METAMETA PLATFORMS INChistory →CL A2.46%$52M89.9K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.67%$35M66.1K
8VVISA INChistory →COM CL A1.56%$33M94.0K
9COSTCOSTCO WHSL CORP NEWhistory →COM1.43%$30M31.8K
10UNHUNITEDHEALTH GROUP INChistory →COM1.39%$29M55.9K
11LLYELI LILLY & COhistory →COM1.36%$29M34.8K
12AVGOBROADCOM INChistory →COM1.34%$28M169.0K
13MAMASTERCARD INCORPORATEDhistory →CL A1.29%$27M49.7K
14TSLATESLA INChistory →COM1.17%$25M95.1K
15INDAISHARES TRMSCI INDIA ETF · MSCI INDIA SM CP · MSCI SAUDI ARBIA · MSCI KUWAIT ETF0.98%$21M401.6K
16JPMJPMORGAN CHASE & CO.history →COM0.74%$16M63.8K
17BKNGBOOKING HOLDINGS INChistory →COM0.72%$15M3.3K
18ABTABBOTT LABShistory →COM0.71%$15M113.2K
19MCOMOODYS CORPhistory →COM0.71%$15M32.1K
20PGRPROGRESSIVE CORPhistory →COM0.69%$14M51.2K
21AEMAGNICO EAGLE MINES LTDhistory →COM0.65%$14M127.0K
22FISVFISERV INChistory →COM0.65%$14M61.7K
23SNEXSTONEX GROUP INChistory →COM0.64%$13M176.0K
24NOWSERVICENOW INChistory →COM0.63%$13M16.7K
25ISRGINTUITIVE SURGICAL INChistory →COM NEW0.62%$13M26.4K
26INGRINGREDION INChistory →COM0.59%$13M92.6K
27CDNSCADENCE DESIGN SYSTEM INChistory →COM0.59%$12M48.5K
28HDHOME DEPOT INChistory →COM0.58%$12M33.2K
29BROBROWN & BROWN INChistory →COM0.58%$12M97.4K
30SPGIS&P GLOBAL INChistory →COM0.57%$12M23.7K
31TDGTRANSDIGM GROUP INChistory →COM0.57%$12M8.6K
32FICOFAIR ISAAC CORPhistory →COM0.55%$12M6.3K
33INTUINTUIThistory →COM0.55%$12M18.8K
34TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.50%$10M21.1K
35NEMNEWMONT CORPhistory →COM0.49%$10M212.6K
36NFLXNETFLIX INCCOM0.47%$10M10.5K
37APHAMPHENOL CORP NEWCL A0.46%$10M147.8K
38PEPPEPSICO INCCOM0.44%$9M61.5K
39UBERUBER TECHNOLOGIES INCCOM0.44%$9M126.4K
40FISFIDELITY NATL INFORMATION SVCOM0.44%$9M122.9K
41CMGCHIPOTLE MEXICAN GRILL INCCOM0.43%$9M181.6K
42CPRTCOPART INCCOM0.42%$9M157.4K
43XYLXYLEM INCCOM0.39%$8M69.3K
44EQXEQUINOX GOLD CORPCOM0.37%$8M1.14M
45FASTFASTENAL COCOM0.36%$8M97.0K
46ABBVABBVIE INCCOM0.35%$7M35.6K
47GILDGILEAD SCIENCES INCCOM0.34%$7M64.6K
48CRMSALESFORCE INCCOM0.34%$7M26.7K
49CVXCHEVRON CORP NEWCOM0.33%$7M42.1K
50PMPHILIP MORRIS INTL INCCOM0.33%$7M43.8K
51CBOECBOE GLOBAL MKTS INCCOM0.33%$7M30.4K
52EXMOCEXXON MOBIL CORPCOM0.32%$7M56.7K
53VRTXVERTEX PHARMACEUTICALS INCCOM0.31%$6M13.4K
54ACGLARCH CAP GROUP LTDORD0.31%$6M66.9K
55NVRNVR INCCOM0.31%$6M887
56PANWPALO ALTO NETWORKS INCCOM0.30%$6M37.6K
57AMATAPPLIED MATLS INCCOM0.30%$6M43.3K
58DHRDANAHER CORPORATIONCOM0.30%$6M30.5K
59REGNREGENERON PHARMACEUTICALSCOM0.30%$6M9.8K
60AXPAMERICAN EXPRESS COCOM0.29%$6M22.9K
61URIUNITED RENTALS INCCOM0.28%$6M9.5K
62CTASCINTAS CORPCOM0.28%$6M28.7K
63ADPAUTOMATIC DATA PROCESSING INCOM0.27%$6M18.6K
64HIGHARTFORD INSURANCE GROUP INCCOM0.26%$6M45.0K
65FTNTFORTINET INCCOM0.26%$6M57.5K
66PGPROCTER AND GAMBLE COCOM0.26%$5M32.1K
67CSGPCOSTAR GROUP INCCOM0.26%$5M68.9K
68ORLYOREILLY AUTOMOTIVE INCCOM0.25%$5M3.7K
69TRITHOMSON REUTERS CORPCOM0.25%$5M31.0K
70MRKMERCK & CO INCCOM0.25%$5M59.5K
71ALLALLSTATE CORPCOM0.25%$5M25.6K
72KLACKLA CORPCOM NEW0.25%$5M7.8K
73AMDADVANCED MICRO DEVICES INCCOM0.24%$5M49.6K
74PYPLPAYPAL HLDGS INCCOM0.23%$5M75.4K
75BEPCBROOKFIELD RENEWABLE CORPCL A EX SUB VTG0.23%$5M174.7K
76EXCEXELON CORPCOM0.23%$5M104.7K
77DVNDEVON ENERGY CORP NEWCOM0.23%$5M128.7K
78CITHE CIGNA GROUPCOM0.23%$5M14.6K
79DHTDHT HOLDINGS INCSHS NEW0.23%$5M456.4K
80ADBEADOBE INCCOM0.22%$5M12.3K
81UNPUNION PAC CORPCOM0.22%$5M19.7K
82WELLWELLTOWER INCCOM0.22%$5M29.9K
83ELVELEVANCE HEALTH INCCOM0.22%$5M10.4K
84REGREGENCY CTRS CORPCOM0.21%$4M60.5K
85ENBENBRIDGE INCCOM0.21%$4M100.4K
86FFIVF5 INCCOM0.21%$4M16.7K
87MCKMCKESSON CORPCOM0.21%$4M6.6K
88WMWASTE MGMT INC DELCOM0.20%$4M18.6K
89CLSCELESTICA INCCOM0.20%$4M54.6K
90KOCOCA COLA COCOM0.20%$4M60.0K
91GE AEROSPACECOM NEW0.20%$4M21.4K
92CBRECBRE GROUP INCCL A0.20%$4M32.7K
93BNYBANK NEW YORK MELLON CORPCOM0.20%$4M49.8K
94MELIMERCADOLIBRE INCCOM0.20%$4M2.1K
95DARDARLING INGREDIENTS INCCOM0.20%$4M132.4K
96LENDINGCLUB CORPCOM NEW0.20%$4M398.0K
97LRCXLAM RESEARCH CORPCOM NEW0.19%$4M56.4K
98IBMINTERNATIONAL BUSINESS MACHSCOM0.19%$4M16.4K
99QCOMQUALCOMM INCCOM0.19%$4M26.5K
100MPWRMONOLITHIC PWR SYS INCCOM0.19%$4M7.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$996M1,191Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.9B1,296Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.1B1,260May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.3B1,264Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.3B1,255Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.2B1,252Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.3B1,274May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.2B1,249Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.4B1,256Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.5B1,277Jul 28, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.4B1,249May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.3B1,336Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.6B1,389Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.4B1,401Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.2B1,381May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.9B1,395Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.5B1,376Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.2B1,511Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.0B1,447May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.8B1,438Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.3B1,416Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.0B1,405Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.6B1,238May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$4.6B1,241Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$4.4B1,249Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.5B1,222Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.5B1,196May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$4.0B1,138Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.